ADVFN - Advanced Financial Network.
HOME» NYSE » P » PG Stock Price » PG Stock News

Procter Gamble Share News

 Procter & Gamble Co. Stock Price
PG Stock Price
 Procter & Gamble Co. Stock Chart
PG Stock Chart
 Procter & Gamble Co. Stock News
PG Stock News
 Procter & Gamble Co. Company Information
PG Company Information
 Procter & Gamble Co. Stock Trades
PG Stock Trades

Procter & Gamble Lowers Guidance, Keeps Savings Targets

By Geraldine Amiel PARIS--Procter & Gamble Co (PG) Wednesday lowered its earnings guidance for the current quarter as well as for fiscal year 2013, citing market share softness in developed markets and a negative impact from foreign exchange rates. Chairman and Chief Executive Bob McDonald also gave details on his program to refocus the group on more profitable businesses, reiterating the substantial cost-saving program. P&G expects its core earnings per share for the April-to-June quarter to be in the range of $0.75 to $0.79 from a previously expected range of $0.79 to $0.85 while organic sales growth is now expected to be 2% to 3%, compared with a previous expectation of a growth of 4% to 5%. Net sales for the quarter are expected to be down 1% to 2% as foreign exchange is expected to reduce them by 4%, Mr. McDonald said. The lowered guidance comes as the world's largest consumer products company reported in April a string of weak results, fueling investors' worries as well as expectations of a substantial overhauling of the group's operations and practices to recoup the ground lost to competitors such as Unilever PLC (UL) and Colgate-Palmolive Co. (CL) "We must and we will improve," Mr. McDonald said during a consumer conference in Paris. "We need to be more efficient and more productive," he added, while reiterating the group's cost-saving plan, noting it had made "good progress." P&G targets cost savings of $10 billion by 2016, with around 5,700 non-manufacturing job cuts by the end of the 2013 fiscal year. -Emily Glazer contributed to this story. Write to Geraldine Amiel at

Stock News for Procter Gamble (PG)
10/07/201518:31:00Introducing the Seven-Blade Razor. (No, Seriously.)
10/06/201509:00:00P&G to Webcast Discussion of First Quarter 2015/16 Earnings Results...
10/02/201511:09:00ADDING MULTIMEDIA Actress & Breast Cancer Survivor, Adamari López...
10/02/201509:23:00Actress & Breast Cancer Survivor, Adamari López & P&G’s Orgullosa Pr...
10/01/201511:00:00Jamba Juice Chief Executive to Step Down
10/01/201510:01:00Gillette Celebrates “Bond Moments” in Every Man’s Life
09/29/201514:48:00Procter & Gamble Commits to Helping 100 Million Girls and Women...
09/29/201512:30:00Mark Burnett Returns as Executive Producer of “PEOPLE'S CHOICE A...
09/29/201509:00:00P&G to Webcast Presentation from the Procter & Gamble 2015 Annual...
09/28/201510:00:0080 Percent of Women Worldwide Feel Empowered to Help Eliminate...
09/26/201513:37:00ADDING MULTIMEDIA Febreze® School of #Petiquette is Officially...
09/25/201523:12:00Febreze® School of #Petiquette is Officially in Session for...
09/25/201520:38:00Luxury-Perfume Makers Turn to Wal-Mart, Target
09/25/201516:02:47Additional Proxy Soliciting Materials (definitive) (defa14a)
09/25/201516:01:24Current Report Filing (8-k)
09/25/201514:51:22Annual Report of Employee Stock Plans (11-k)
09/25/201509:03:38Annual Report of Employee Stock Plans (11-k)
09/25/201507:58:01Annual Report of Employee Stock Plans (11-k)
09/24/201513:31:24Annual Report of Employee Stock Plans (11-k)
09/24/201513:22:10Annual Report of Employee Stock Plans (11-k)

Procter Gamble and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations